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South East response to Anchor Borrowers Programme too poor – CBN

The Central Bank of Nigeria (CBN), has said that the agricultural intervention programmes were meant for every Nigerian and not to favour a particular segment of the country. The bank frowned at the poor  response of the South-East, saying it ...

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MBA Forex is Illegal, we warned investors – SEC

Following the collapse of MBA Forex, the Securities and Exchange Commission has said it warned Nigerians against investing in thde scheme as it was illegal. The Port Harcourt Head of Investigation and Enforcement for SEC, Suzzie Enebeli made the observation ...

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Why CBN sacked First Bank Chair Awosika, Otudeko, others

Central Bank of Nigeria (CBN) has given reasons it wielded the big stick on Chairman of First Bank Plc  Mrs. Ibukun Awosika and Chairman of FBN Holdings, Mr. Oba Otudeko. Some members on the bank’s Board of Directors (BoD) were ...

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GTBank’s profit rises by N1.305trn in 10 years, 12.07% annual balance sheet expansion

Appointed in June 2011 to lead what has today become one of Africa’s best run and most profitable financial institution, Segun Agbaje’s leadership and steering of GTBank management in the past 10 years has truly seen the bank grow in ...

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OML 143: NNPC, SEEPCO sign gas development agreement to unlock 1.2tcf

The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost on Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC and its partner, Sterling Oil ...

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Despite rising debt profile, Senate approves fresh $1.5bn, £995m loan

The senate has approved new external loans of $1.5bn and €995m for the executive. The senators approved the loan while considering the report of its committee on local and foreign debts during Wednesday’s plenary session. Chairman of the committee, Clifford ...

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Customs rake in N466.1bn revenue in first quarter

Nigeria Customs Service (NCS) has generated N466.1 billion revenue in the first quarter of 2021. The statistics obtained from the office of the Public Relations Officer of the service, Mr Joseph Attah, showed that the revenue was generated from January ...

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Nigerian govt approves FRP in oil, gas production

Federal Government has reportedly approved the commencement of the pilot deployment of Fibergrate Reinforced Plastic (FRP) technology in Nigerian Oil and Gas production companies. A report indicated that the approval for the commencement of the pilot deployment of the new ...

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Ogun debt: We paid over N20bn in 2020-Official

The Ogun State Commissioner for Finance, Dapo Okubadejo, has said the state government paid over N20 billion out of its debt in the year 2020. This, according to him, was the reason the debt of Ogun State stood at N153billion ...

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Food prices highest in Rivers, Niger, Gombe in March-NBS

Prices of food items rose the most in Rivers, Niger and Gombe States in March, the consumer price index (CPI) report released on Thursday by the National Bureau of Statistics (NBS) has revealed. The report showed that on a month ...

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